Post Reply
321-340 of 385
too bad, price not moving towards your wish today.
Checkerman ( Date: 01-Mar-2022 07:21) Posted:
|
Bold dream
flyliam ( Date: 10-Feb-2022 14:03) Posted:
|
come true . 5 cents soon
Checkerman ( Date: 14-Feb-2022 09:11) Posted:
|
Why this company was able to be IPOed here ? Amazing !
New product....prata king
Full of excitements
The Board of Directors (the &ldquo Board&rdquo ) of Aspen (Group) Holdings Limited (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) refers to its announcement dated 18 December 2021 in relation to the entry of Global Vision Logistics Sdn. Bhd. (&ldquo GVL&rdquo ), the Group&rsquo s 30% associated company into a term sheet (&ldquo Term Sheet&rdquo ) for the proposed appointment of Logos SE Asia Pte. Ltd. (&ldquo LOGOS&rdquo ) or its affiliate/nominee as Project and Development Manager for Phase 1 of the phased development of an integrated logistics and warehousing facility to be launched by GVL (the &ldquo Announcement&rdquo ).
Unless otherwise defined, all capitalised terms used in this announcement shall bear the same meanings as ascribed to them in the Announcement.
Further to the Announcement, the Board wishes to announce that the GVL has decided not to proceed any further with LOGOS in respect of the Term Sheet.
The termination of the Term Sheet is not expected to have any material adverse impact on the consolidated net tangible assets per share and earnings per share of the Company and the Group for the financial year ending 30 June 2022.
Unless otherwise defined, all capitalised terms used in this announcement shall bear the same meanings as ascribed to them in the Announcement.
Further to the Announcement, the Board wishes to announce that the GVL has decided not to proceed any further with LOGOS in respect of the Term Sheet.
The termination of the Term Sheet is not expected to have any material adverse impact on the consolidated net tangible assets per share and earnings per share of the Company and the Group for the financial year ending 30 June 2022.
Time to cheon
More to come.
Useless stock.... plummeting phase starting.... shortist will be badly burnt.
Those that can hold will expect to do so for a long period 😔
Those that can hold will expect to do so for a long period 😔
This stock is gone, might go below 78 today
Now in the green at 84.
Like can hold, tho buying q quite low lah.
Like can hold, tho buying q quite low lah.
Checkerman ( Date: 15-Feb-2022 08:54) Posted:
|
today will close below 8cent for sure
Have a look at the cash balances, its running dry. My guess right now they are begging Top Glove, Supermax etc to buy over the glove factory, but likely at a significant loss. Please watch out for those sudden pumps again. Don't be tempted or drawn in.
SGX have failed big time on this.
good
Stocky901 ( Date: 13-Feb-2022 14:06) Posted:
|
Short on Monday?
Stocky901 ( Date: 13-Feb-2022 14:06) Posted:
|
May test 0.060 - 070 range soon. Another joke in sgx. 😬
Expected lah
Joelton ( Date: 12-Feb-2022 11:26) Posted:
|
Aspen sinks into the red for 2H21 as gross profit shrinks 93%
Aspen (Group) Holdings recorded losses attributable to the owners of the company of RM59.4 million for 2HFY2021 ended Dec 31, 2021, down from a profit of RM85.4 million this time last year.
The group recorded 64% lower revenue of RM62.4 million and 93% lower gross profit of RM4.3 million for 2HFY2021 compared to this time last year.
No dividend has been declared or recommended as the management plans to conserve cash in this soft property market, says Aspen.
Losses per share for the period stood at 5.48 cents, down from earnings per share of 8.57 cents from the same period the year before.
The group&rsquo s revenue is largely made up of its property development segment, which declined due to a lower take-up rate and slower construction progress due to the Covid-19 pandemic, reads the company&rsquo s financial reports.
As for the healthcare segment, ongoing global supply chain challenges, higher shipping and logistics costs, prolonged shipping delays, higher production and energy costs, lower use rate and continuous decline in the average selling prices (ASP) of gloves impacted the performance of the healthcare segment.
Revenue recorded by the healthcare segment was RM12.4 million, which represents 20% of the group&rsquo s revenue. The decline in cost of sales is in tandem with the decline in revenue.
The group&rsquo s results from operating activities recorded a loss of RM26.6 million compared to RM36.0 million profit as recorded in 2HFY2020.
The loss is mainly attributed to a lower gross profit as the healthcare segment is in its early stage of operation, says the company.
This was offset against the gain on disposal of an associate amounting to RM6.2 million, which is included in other income. Further, finance cost increased by RM5.8 million mainly due to the new borrowing obtained to finance capital expenditure for the newly set-up healthcare segment.
The group also shared the loss from results of equity-accounted investees ,including an impairment loss on the investment property held by the associate. As a result of the above, the Group recorded a loss for the period.
The Group&rsquo s non-current assets increased by RM213.9 million from RM785.8 million as at Dec 31, 2020 to RM999.7 million as at Dec 31, 2021, mainly due to the acquisition of property, plant and equipment in the healthcare segment amounting to RM213.8 million and an increase of RM28.2 million in deferred tax assets derived from the tax liabilities.
This was offset by the decrease in trade and other receivables and depreciation of property, plant and equipment amounting to RM10.8 million.
The group&rsquo s current assets decreased by RM53.8 million from RM783.8 million as at Dec 31, 2020 to RM730.0 million as at Dec 31, 2021, primarily due to the decrease in cash and cash equivalents of RM60.2 million.
This was mainly used for capital expenditure and repayment of borrowings and decrease in contract assets amounting to RM60.6 million due to the increase in progress billings for the Vertu Resort project and Beacon Executive Suites.
This was offset by an increase in development properties and contract costs by RM1.6 million and RM15.2 million respectively arising from the ongoing projects and an increase in trade and other receivables of RM31.0 million was mainly due to progress billings to purchasers yet to be collected.
For more stories about where money flows, click here for Capital Section
The group&rsquo s current liabilities increased by RM205.4 million primarily due to the increase in trade and other payables of RM153.2 million arising from the construction of a glove manufacturing plant and the increase in contract liabilities by RM58.1 million mainly for the Vertu Resort project.
On Oct 5, 2021, the subsidiaries of the Group had entered into composite agreements with the Inland Revenue Board of Malaysia (IRBM) where a partial balance of tax payable amounting to RM34.9 million will be settled via instalments over the next five years.
This resulted in an increase of RM27.4 million in tax liabilities.
The group reported a positive working capital of RM54.2 million as at Dec 31, 2021.
The group recorded net cash generated from operating activities of RM228.9 million for twelve months ended Dec 31, 2021, which comprised operating cash inflows after working capital changes of RM246.5 million and tax payments of RM17.6 million.
Net cash used in investing activities amounted to RM247.5 million, which was mainly for the acquisition of property, plant and equipment for the healthcare segment.
On Nov 19, 2021, the company announced a change of its financial year end from Dec 31 to June 30, to allow the group to better plan its audit schedule and holding of its Annual General Meetings during the off-peak period, thereby resulting in better cost savings and operational efficiencies. With the change of financial year end, the financial year ending June 30, 2022 will cover a period of 18 months from Jan 1, 2021 to June 30, 2022.
It will take a quite a while to move again based on inactivity after yesterday out of blue surge without any positive news.
BB had taken whatever profit they target and will now move on to other counters... shortists will get burnt, those can hold will need to wait for another BB push in this counter.
BB had taken whatever profit they target and will now move on to other counters... shortists will get burnt, those can hold will need to wait for another BB push in this counter.